Lender_of_last_resort Lender_of_last_resort

Lender of last resort - Definition and Overview

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The term lender of last resort referrs to the capacity of a central bank of a country to bankroll the government of that country and to act as a lender to the smaller banks of the country.

Alternatively, a lender of last resort is a bank, check cashing store or card shark who lends money and then literally charges exorbitant interest and late fees.

See also

Example Usage of Lender
tigreroar: "What happens when your Lender denies your Home Loan modification?" http://bit.ly/6CYomR
xina_v07o: Small Business Credit Availability: How Important Is Size of Lender? http://tinyurl.com/ybdmluq
ADSMortgages: …cont) by the residential insurance and the Lender can repossess ur property for breach of contract.
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